Welcome to our dedicated page for Veon news (Ticker: VEON), a resource for investors and traders seeking the latest updates and insights on Veon stock.
VEON Ltd. (Nasdaq: VEON) is a United Arab Emirates-based digital operator active in wireless telecommunications and digital services across Pakistan, Ukraine, Kazakhstan, Bangladesh, and Uzbekistan. The VEON news page on Stock Titan aggregates company announcements, operating company updates, and regulatory communications that illustrate how the group is developing connectivity, digital services, and financial solutions in its core markets.
Recent news highlights VEON’s focus on next-generation connectivity and network resilience. Kyivstar in Ukraine has launched Starlink Direct to Cell satellite connectivity services and a 5G pilot zone in Lviv, while Beeline Kazakhstan has tested Starlink Direct to Cell for voice and messaging. Kyivstar has also invested in solar power generation as part of its energy resilience strategy. These stories show how VEON’s operating companies are combining terrestrial and satellite networks and investing in infrastructure to support reliable communications.
VEON’s news flow also covers digital financial services and financial inclusion. Mobilink Microfinance Bank in Pakistan has launched Islamic banking operations, and Banglalink in Bangladesh has received regulatory approval to operate as a payment service provider, enabling digital payment and money transfer services. Group-level announcements include VEON’s transfer to the Nasdaq Global Select Market and its inclusion in major equity indices such as the S&P Global Broad Market Index and the MSCI Ukraine Index.
Investors and followers of VEON can use this news page to review official press releases on connectivity initiatives, digital financial services, capital markets milestones, and corporate transactions involving VEON and its operating companies. The page provides a centralized view of how VEON’s strategy is reflected in concrete projects and regulatory developments across its five markets.
Amsterdam, 17 October 2022: VEON Ltd. (NASDAQ: VEON, Euronext Amsterdam: VEON) has appointed Matthieu Galvani as Chief Corporate Affairs Officer, effective immediately. Galvani will oversee the company's corporate affairs strategy, focusing on government relations and communications, as well as environmental, social, and governance initiatives. With over 22 years in telecommunications, Galvani brings extensive experience, having previously served as CEO of Djezzy. CEO Kaan Terzioglu emphasized that Galvani's leadership will enhance VEON's public profile and support its digital operator strategy.
VEON Holdings B.V. has announced that its indirect parent, VEON Ltd., has issued a notice to the holders of its 2023 Notes. These notes include USD-denominated notes with interest rates of 5.950% and 7.250%, totaling USD 1.23 billion. The announcement invites 2023 Noteholders to contact VEON Ltd. for discussions regarding the notes, while VEON Holdings B.V. will not engage in these discussions. This release is intended for informational purposes only and does not constitute an offer to sell or solicit securities.
VEON Group has announced strategic updates, including an invitation for discussions with 2023 noteholders to enhance liquidity and ensure long-term financial stability. The company reported a 16.5% year-on-year increase in 4G users, reaching 105.8 million, which constitutes 52% of its customer base. Notably, five of its seven markets demonstrated double-digit revenue growth for 8M 2022, with a strong focus on expanding digital services in high-growth regions like Pakistan and Bangladesh. VEON’s recent liquidity position stands at $3.2 billion post the sale of its Algerian operator, Djezzy, for $682 million.
VEON Ltd. announces an invitation to holders of its 2023 Notes to engage in discussions regarding the USD 529.32 million of 5.950% notes due 13 February 2023 and USD 700 million of 7.250% notes due 26 April 2023. This engagement is aimed at beneficial holders of the 2023 Notes. However, VEON cannot engage with those subject to asset freezes under applicable sanctions. VEON, headquartered in Amsterdam, serves over 200 million customers and drives digital inclusion.
VEON Ltd. has announced initiatives to bridge the IT talent gap in Uzbekistan, crucial for its goal of becoming a Central Asian IT hub. Through its subsidiary, Beeline Uzbekistan, VEON will establish a regional hub for AdTech services and expand its big data analytics and cybersecurity labs, hiring up to 70 digital professionals in the coming year. The BeeLab facility aims to grow from 130 to over 250 employees by the end of 2023, focusing on data analytics and cybersecurity for financial clients across the region.
VEON Ltd. has received an additional 180-day grace period from Nasdaq to comply with the minimum bid price requirement, extending the deadline to 1 April 2023. This extension follows the initial notification on 7 April 2022 regarding non-compliance. VEON will transfer its listing to Nasdaq Capital Markets and has committed to undertake necessary corporate actions to meet compliance standards during this new period. Group CEO Kaan Terzioglu stated that this extension is beneficial for all stakeholders.
VEON Ltd. announced on September 26, 2022, the launch of next-generation 4G networks nationwide through its subsidiary Banglalink in Bangladesh. This initiative aims to enhance digital connectivity, expecting to double internet speeds and boost the economic development of Bangladesh, where 92.8% of internet users rely on 4G. The rollout involves deploying 3,000 new base stations and utilizes the 2.3 GHz spectrum. This advancement positions Banglalink as a leader in providing high-quality digital services in the country, facilitating better access to health, education, and entertainment.
VEON Ltd. has announced a share award for Group CEO Kaan Terzioğlu, comprising 5,231,771 shares to be issued on 1 October 2022. Out of these, 1,569,531 shares will vest on the grant date, while the remaining 3,662,240 shares will vest on 1 September 2023. Currently, Terzioğlu holds 1,674,900 shares. This award recognizes Terzioğlu's leadership during challenging times and aligns his interests with those of shareholders. The press release includes a disclaimer about forward-looking statements regarding VEON's strategic plans.
VEON Ltd. reported a positive trading update for the first eight months of 2022, showing a 3.1% increase in consolidated revenue year-on-year in reported currency, and 6.5% in local currency. Service revenue grew 4.3% YoY, while EBITDA rose 3.9% YoY. The company generated cash of USD 682 million from its stake in Algerian operator Djezzy, with total cash and deposits reaching approximately USD 3.2 billion. Notably, 4G penetration increased by 16.5%, contributing to operational momentum.
Amsterdam, 15th September 2022: VEON Ltd. (NASDAQ: VEON) has announced three new initiatives from its subsidiary, Mobilink Microfinance Bank, aimed at empowering women entrepreneurs and supporting farmers in Pakistan. These initiatives include low-cost 4G handsets integrated with a digital banking application, e-commerce services for female business owners, and agricultural advisory services targeting farmers. With only 7% of women financially included in Pakistan, this initiative aims to enhance digital participation and economic growth in the country.